Course finder
Semester 1
Fiscal Policy, Macroeconomics and Inequality (ECNM10104)
Subject
Economics
College
CAHSS
Credits
20
Normal Year Taken
3
Delivery Session Year
2023/2024
Pre-requisites
Visiting students must have completed the equivalent of at least 4 semester-long Economics courses at grade B or above for entry to this course. This MUST INCLUDE courses in: Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); Probability & Statistics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required at grade B or above. Please see Additional Restrictions below.
Course Summary
This course is about the role of the government in the economy. The main goals of this course are to provide an understanding of the reasons for government intervention in the economy, and to analyze its consequences while taking into account the response of economic agents to the government's actions.
Course Description
This course is about the role of the government in the economy. The main goals of this course are to provide an understanding of the reasons for government intervention in the economy, and to analyze its consequences while taking into account the response of economic agents to the governments actions. The course starts with covering basic notions and results of welfare economics (rationales for government intervention, Pareto efficiency, Fundamental Welfare Theorems). The second part will introduce students to a broad analysis of fiscal policy (taxation, government spending, social security). We will focus particularly on the design of tax and transfer systems, the theory of optimal taxation, analyzing the impacts of different tax policies on agents' decisions, inequality, and the economy as a whole. Emphasis will be given to the current policy debates on taxation and inequality. By the end of the course, students will acquire the necessary theoretical tools and the economic theory point of view to analyze important public policy issues.
Assessment Information
Written Exam 60%, Coursework 40%, Practical Exam 0%
Additional Restrictions
It is not suitable for students to take this course alongside Economics 2 (ECNM08006).
view the timetable and further details for this course
Disclaimer
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